Famous Furniture Store In Same Spot 50 Yrs!
Asbury Park, NJ Monmouth County
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- RE: Famous Furniture Store In Same Spot 50 Yrs!
- Contact: Libby Rabinowitz
Quick Facts
| Asking Price: | $2,000,000 | |
| Annual Revenue: | $1,800,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $250,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1975 | |
| Employees: | 4 | |
| BBN Listing #: | 986690 | |
| Broker Reference #: | 189597-862666 |
Business Overview:
Known for its famous commercials, this iconic 22,000 sq. ft. furniture retail furniture store has been in business for over 50 years and currently generates $2 million in annual sales with no advertising. The store includes $350,000 in inventory and has four long-term employees, each with over 20 years of experience. The current owner is retiring but will provide up to six months of training to ensure a smooth transition. The business has long-standing supplier relationships that will continue. It is located on a busy highway, and the property owner will offer a long-term lease below market value. With no current marketing efforts, a new owner has the opportunity to increase sales through advertising and online expansion.
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Property Features and Assets:
Family owned and operated since 1950. Owned several locations now downsized to one location. Sold other locations over the years.
Market Competition and Expansion:
Advertising and
extended hours
Only family owned business in the area. All others are commercial furniture stores
Reason for Selling:
retirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New Jersey businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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